Categories
New South Wales Queensland Victoria Property News Commercial Office

Mumbai hits Melbourne for six on office rents: Cushman & Wakefield

By Larry Schlesinger
Thursday, 21 February 2013

It is more expensive to rent office space in Mumbai’s financial district than in the Melbourne or Brisbane CBD, according to the latest global office report from Cushman & Wakefield.

The report refers specifically to Mumbai’s Bandra Kurla Complex (BKC), a planned commercial complex in India’s financial capital.

It consists of a number of commercial buildings with tenants including Dow Chemicals, ICICI Bank and Citibank, as well as being home to the Mumbai Cricket Association's cricket ground and the United States Mumbai Consulate.

Annual rents in Mumbai are around US$80 per square foot per year, compared with around $70 per square foot per year in the Melbourne CBD.

Mumbai ranks as the eighth most expensive Asia Pacific location to rent office space with Brisbane ranking ninth and Melbourne 10th.


mumbai-melbourne_offices

Photo by Deepak Gupta, courtesy of Flickr


      Did you like this article? 

      Sign up to the Property Observer Newsletter to receive a daily news wrap-up straight to your inbox AND a free eBook!

      Please enter a valid email address. For example fred@domain.com .
      Next >>Melbourne office market leaves Sydney in the dust

      The best of everything at Portside Wharf

      Now Selling
      Premium apartments, terrace homes and penthouses. Luxury living in Hamilton’s most prized riverfront address, at the heart of the vibrant Portside Wharf precinct.
      Enjoy amazing views overlooking the city and river, as well as superb private facilities.
      Secure your piece of luxury riverfront living www.pinnacleportside.com.au

        The Mark at Sydney's Central Park

        Central Park is the $2 billion transformation of a heritage brewery site on Sydney's Broadway into a vibrant mixed-use urban village.

        Designed by architects Johnson Pilton Walker, 'The Mark' is a soaring glass tower of sustainability, advanced building technology and applied imagination - and your opportunity to capitalise on Central Park's success.
        Register your interest now at centralparksydney.com or call 1300 857 057. >>
          Previous
          Next
          Drama on the residential property front although Dan and Dani quietly spend their proceeds Jonathan Chancellor
          The Block's Dan and Dani - last spotted looking around the Melbourne suburb of Kingsville - merely tweeted their acquisition with little fanfare. But there certainly weren't any tweets from the international film star Toni Collette about her recent property journey.
          SEARCH SITE

          Suburb Data

          Free suburb snapshots for investors

          Powered by

          Property data for Western Australia Property data for Tasmania Property data for Queensland Property data for Northern Territory Property data for South Australia Property data for Victoria Property data for New South Wales Property data for Canberra

          Click on your state for local insight

          Follow us Property Observer on Twitter Property Observer on Facebook Property Observer on LinkedIn Subscribe to Property Observer RSS feeds
          RP Data-Rismark May 17 daily index
           

          Private Media Publications

          Crikey

          loading...

          Smart Company

          loading...

          StartupSmart

          loading...

          Leading Company

          loading...

          Womens Agenda

          loading...